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Korean Academic Society of Business Administration
[ Article ]
korean management review - Vol. 53, No. 1, pp.225-245
ISSN: 1226-1874 (Print)
Print publication date 28 Feb 2024
Received 16 Sep 2023 Revised 17 Jan 2024 Accepted 24 Jan 2024
DOI: https://doi.org/10.17287/kmr.2024.53.1.225

국내 기업의 지속가능경영보고서 및 제3자검증 공시 현황: 기업 사례를 중심으로

Seung Jae Lee ; Jae Yeon Sim
(First Author) Korea University, Institute for Business Research and Education seungjaes@korea.ac.kr
(Corresponding Author) Korea University, Institute for Business Research and Education drsim@korea.ac.kr
Overview on Firm’s Sustainability Report and Third-party Assurance: An analysis of Corporate Cases


Copyright 2024 THE KOREAN ACADEMIC SOCIETY OF BUSINESS ADMINISTRATION
This is an open access article distributed under the terms of the Creative Commons Attribution License 4.0, which permits unrestricted, distribution, and reproduction in any medium, provided the original work is properly cited.

Abstract

In alignment with the global trend towards mandatory sustainability reporting, the Korean government mandates sustainability reporting for all listed companies by 2030. This regulatory shift requires enhanced responsibility and transparency from firms in disclosing their ESG activities. Hence, this study aims to provide policy insights by analyzing domestic companies' sustainability reports and third-party assurance between 2016 and 2022. Recent findings highlight incomplete ESG reporting: selective Scope3 emissions reporting, omitting legal sanctions, and using discretionary criteria for ESG data disclosure. Employing Python programming, this study comprehensively collects and analyzes sustainability reports of listed companies. Through detailed case analyses, this study proposes policy directions for sustainability reporting obligations.

Keywords:

ESG reporting, Sustainability report, Third-party assurance

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∙ The author Seung Jae Lee is currently serving as a research fellow at the IBRE of Korea University's Business School. He graduated from the Department of Accounting at Dongguk University and earned an MBA from the University of Texas at Dallas in the United States. He obtained his Ph.D. in Business Administration, majoring in Accounting, from Korea University. After obtaining his doctorate, he has been working as a research fellow at the Institute for Busines Research and Education(IBRE) of Korea University's Business School and teaches accounting at Korea University.

∙ The author Jae Yeon Sim is currently serving as a research fellow at the IBRE of Korea University's Business School. She graduated from the Department of Business Administration at Korea University, where she also completed her master's in Business Administration and earned a Ph.D. in Accounting. After obtaining her doctorate, she has been working as a research fellow at the Institute for Business Research and Education(IBRE) of Korea University's Business School and is also teaching accounting at various other universities.